Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,405,151,129,172.36
  • 24h Vol: $56,409,600,528.25
  • BTC Dominance: 56.51%

Nexo

report:-paypal-puts-stablecoin-plans-on-hold-as-us-regulators-crack-down-on-crypto-industry

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

Leave a Comment / Bitcoin, BitLicense, Congress, Crypto Hacked, crypto industry, Crypto lender, crypto services, Cryptocurrency, Decision, earn product, Ethereum, Financial Technology, Investigation, Kraken, New York State Department of Financial Services (NYDFS), News, Nexo, offshore services, online payment system, pause, pause stablecoin, pausing plans, Paxos, Paxos stablecoins, Payments Giant, Paypal, PayPal stablecoin, PayPal stablecoin idea, Plans, regulatory guidance, regulatory scrutiny, relevant regulators, retail investors, Spokesperson, Stablecoin, Stablecoin issuer, staking service program, state regulators, U.S. retail customers, U.S. Securities and Exchange Commission (SEC), US Regulators / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

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nexo-agrees-to-pay-$45-million-to-sec-and-state-regulators-for-unregistered-offering-of-earn-interest-product

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

Leave a Comment / Antoni Trenchev, Bitcoin, Bulgaria’s attorney general, Bulgarian law enforcement, Compliance, crypto assets, crypto companies, Crypto Hacked, Cryptocurrency, cryptocurrency lender, Earn Interest Product, EIP, Ethereum, Gary Gensler, interest-earning product, investor protection, Kosta Kantchev, legal team, News, Nexo, Nexo SEC, NYAG, Office of the New York Attorney General, public disclosure, Regulatory Compliance, regulatory landscape, Schulte Roth and Zabel LLP, SEC, Settlement, state regulators, unified resolution, unregistered offering / / / , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product Read More »